David Stone Named Interim Chief Executive Officer of NorthStar Bank;
Monty Weigel Steps Down as President & Chief Executive Officer

January 17, 2014 12:18 PM Eastern Standard Time

TAMPA, Fla--(BUSINESS WIRE)--NorthStar Bank, an independent community bank headquartered in Tampa and
with assets exceeding $200 million, today announced that David Stone, a
50-year banking veteran and a NorthStar board member since 2012, has
been appointed interim president & chief executive officer of the
company, effective immediately. Monty Weigel has stepped down as
president & chief executive officer and director.

“We are grateful to Monty Weigel for his leadership and the
contributions he made to the company and the Tampa Bay community during
his tenure,” said James Cantonis, NorthStar chairman of the board. “He
played a key role in NorthStar’s successful entry into the Tampa Bay
market in 2007, and we wish him the best in his future pursuits.”

“I have been honored to serve NorthStar Bank, its leadership team and
employees during the past seven years,” said Weigel. “We have built one
of Tampa Bay’s finest independent community banks, and I am confident
that NorthStar will continue to flourish moving forward.”

According to Cantonis, although a national search for a new president &
CEO is already underway, it will be business as usual at the bank. “The
board is not only committed to a smooth and effective transition, but
NorthStar has an extremely strong leadership team that already has a
strong working relationship with David Stone,” Cantonis stated. “We will
continue to provide the same level of high quality service that our
customers and the community expects, as well as continue our strategic
focus on profitability and innovation.”

Background on David Stone

David Stone has held an impressive banking career that has spanned more
than 50 years. He spent 35 years in executive management positions
including executive vice president of Bank of Clearwater and US
AmeriBank. He also served as president, CEO and co-founder of Citizens
Bank & Trust; president & CEO of First National Bank of Florida and
Liberty Bank, all located in Clearwater. He graduated from the Graduate
School of Retail Bank Management at the University of Virginia. He is
past chairman of the board of Ruth Eckerd Hall, Mease Health Care and
the Clearwater Regional Chamber of Commerce. He has also been recognized
by the City of Clearwater for his outstanding community service.

About NorthStar

NorthStar Bank, opened in 2007, is an independent community bank
headquartered in Tampa, Florida with assets exceeding $200 million.
NorthStar Bank builds solid customer relationships by doing the
unexpected to deliver unparalleled service quality and unparalleled
product value. NorthStar Bank is rated Five-Stars by Bauer Financial (www.bauerfinancial.com),
the nation’s leading independent bank rating and research firm. Member
FDIC. For more information about NorthStar Bank, visit www.northstar-bank.com

Contacts

NorthStar BankJames Cantonis, 727-937-3222

Release Summary

David Stone Named Interim Chief Executive Officer of NorthStar Bank. Monty Weigel Steps Down as President & Chief Executive Officer